Town of Holden Beach celebrating high financial reports

HOLDEN BEACH, NC (WWAY) — Holden Beach town officials are celebrating what they are calling one of their best-ever financial reports.

Mayor Alan Holden says the town’s total net position increased by nearly $4 million.

The general fund ratio is a prime indicator of the town’s financial condition. It stands at 151 percent – the highest it has ever been.

Mayor Holden also says the water/sewer proprietary fund is also in great shape. Overall cash and cash equivalents increased by about $75,000.